CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved.

UK unemployment rises, real wage growth below 2015 levels

The number of unemployed people in the UK increased in the third quarter of 2018 and real wage growth has fallen below 2015 levels, according the Office of National Statistics.

IG Analyst

Publication date : 2018-11-13T15:14:46+0000

Job Centre Plus sign

Source: Bloomberg

The number of unemployed people in the UK increased by 21,000 to 1.38 million in the three months to September, according to data from the Office of National Statistics (ONS).

The unemployment rate of UK nationals for the period stands at 4.2%, which is higher than that seen in across the 27 EU member states at 3.5%, the ONS data showed.

The level of unemployment of UK nationals decreased by 48,000 to 1.28 million in the year to September 2018.

The level of unemployment of non-UK nationals fell by 2,000 to 173,000 over the same period. Although the level of unemployment fell among non-UK nationals, it increased by 2,000 to 82,000 among EU27 nationals.

A major contributing factor to the increase in the number of unemployed people living in the UK was its rising population

The number of temporary workers in the UK reduced by 55,000 in the third quarter (Q3) of 2018 to 1.5 million.

There were more men than women in employment in the third calendar quarter of 2018. Between 2012 and the third calendar quarter of 2018, the average annual employment growth rate for women at 0.13% was higher than that for men at 0.12%.

The ONS highlighted how wages in the UK had risen at their fastest rate in nearly 10 years in the Q3 but warned that real wage growth had fallen below levels seen in 2015.

In the labour force, there are some workers who have more than one job. The latest estimates of workers with second jobs show that they increased by 4,000 to 1.12 million.

IGA, may distribute information/research produced by its respective foreign marketing partners within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

This information/research prepared by IGA or IG Group is intended for general circulation. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person. You should take into account your specific investment objectives, financial situation or particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. In addition to the disclaimer above, the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.

See important Research Disclaimer.

Find articles by writer

Disclaimer:

All forms of investments carry risks and trading CFDs may not be suitable for everyone. CFDs are leveraged instruments and can result in losses that exceed deposits, so please ensure that you fully understand, and are aware of, the risks and costs involved. Refer to the Risk Disclosure Statement and Risk Fact Sheet.

IG Asia Pte Ltd (Co.Reg.No. 200510021K) is regulated by the Monetary Authority of Singapore and holds a capital markets services licence for dealing in capital markets products that are over-the-counter derivatives contracts and is an exempt financial adviser.

IG provides an execution-only service. The information in this advertisement does not contain (and should not be construed as containing) investment advice or an investment recommendation, or an offer of or solicitation for a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. You should consider your specific investment objectives, financial situation or particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

This advertisement has not been reviewed by the Monetary Authority of Singapore.